Maef Public Charter Schools Incorporated

Analysis

Maef Public Charter Schools Incorporated is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Maef Public Charter Schools Incorporated reported income of $10.2m and spending of $7.9m, leaving 23% of income unspent that year. Across the 6 years on record, from September 2018 to September 2023, income grew from $2.7m to $10.2m (+271%), an average of +30% a year. The sharpest change came in the year to September 2019, when income dropped by 100%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maef Public Charter Schools Incorporated sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within AL. Charities of a similar size with the same main cause include Healthy Start Education Inc ($10.2m), Sandhills Independent School Corp ($10.2m) and Educational Credential Evaluators Inc ($10.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $3.3m. At year end it held assets of $3.2m against liabilities of $323k, net assets of $2.9m. It reported 93 employees.